Editorial Commentary

The Old Switcheroo

OLD HOBSON'S CHOICE HAS nothing on this contemporary dilemma: Your job or your pension. Older workers, especially those in shrinking industries, are facing it, and the decision is made for them by people who don't have the workers' best interests at heart. Neither employers nor unions nor fund fiduciaries nor responsible government officials have protected workers' pensions as they should. They have succeeded only in postponing the day of reckoning and putting 34 million workers' jobs and pensions in greater peril.